BTC SHORT

2020年4月1日

Looking to go short here. I'm not as confident as I previously was because it looks like we may be hitting some support. However, IMO the charts look bearish for the following reasons:

1. 4hr 0.6 fibonacci retracement
2. 4 HR stoch oversold
3. Price sitting under 200MA and failing to make a higher high
4. Coronavirus appears to be picking up speed in the US

If this trade goes my way I'll be looking to TP at the levels indicated. However - if we don't get a 4HR 2/20 moving average crossover shortly then i may pull this trade. I'll update later today if i haven't been stopped out before.

**TRADING STRATEGY RULES**
1. Only trade with the trend - establish HHs and LLs or another easier system is: when the price is under 200MA look for short opportunities, when above look for long opportunities
2. Wait for a 4HR 0.5/0.6 fibonacci retracement
3. 4 hr stochastic must be overbought/sold (90+ or 10-)

2020年4月1日

評論

I'm moving my SL early on this one, my entry was 6400s. I'm not too confident, price seems to be holding up. Ideally we're looking for a 2/20 MA crossover to occur on the next candlestick close

2020年4月1日

評論

As i wrote that price began to push down at the low 6200s. We'll see how much support there is down here. SL has been moved to break even.

2020年4月1日

交易結束：達到停損點

Stopped out at break even